Car loans from 2.99% p.a.

(3.36% p.a. comparison rate)

Our car loans take your money further. See how you can compare and save with us.

Low rate car finance for new and used cars

Buy your dream car your way – with low rates and options that suit you

Savvy drives car loans further

We’ve helped Australians across the country save thousands of dollars on their car loan. With links to over 25 of Australia’s top lenders, the level of satisfaction our customers feel is reflected in our 4.9-star Feefo rating for outstanding service. 

Our expert car loan consultants are with you every step of the way. We personalise our service to each and every customer, so you can rest easy knowing you’ve secured a great car loan deal suiting your budget and needs. 

Think car loans, think Savvy

Get more car loan options. Whether you’re buying new or used, from a private seller or dealer, we can help secure the best rates and most flexible terms. If you’re in business, we speak your language. We help businesses secure commercial chattel mortgages, hire purchases or a car lease that keeps cash flowing.

Have a complicated situation? We work hard and have a high success rate in assisting customers with ‘outside the box’ requirements.

Compare car loans

Savvy uses the latest in technology to compare car loans so you could save with our top-rated car loans

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
Savvy New Car Loan 2.99%
fixed
3.36% $538.93
Bank of Australia Used Car Loan 6.45%
variable
6.66% $586.28
ANZ Online Secured Car Loan 7.85%
fixed
8.70% $606.14
CUA Fixed Rate Car Loan 7.99%
fixed
8.29% $608.15
BankSA Secured Fixed Personal Loan 8.49%
fixed
9.39% $615.35
St George Secured Fixed Personal Loan 8.49%
fixed
9.39% $615.35
CBA Secured Car Loan 8.49%
fixed
9.54% $615.35
NAB Variable Rate Personal Loan 14.19%
variable
15.06% $701.01

* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 2.85% p.a. and comparison rate of 3.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.

Get the right car loan with Savvy

Your estimated repayments

$98.62

Total interest paid: $1233.43
Total amount to pay: $5,143.99

Our car loan process

Got a question about your car loan?

How can I apply for a car loan?
Applying for a car loan begins with an online application. An application includes sending through all the required application information plus the required supporting documentation that our panel of lenders will need to determine affordability, suitability and approval. Documents required will include:
 
  1. Driver’s licence, passport or birth certificate
  2. Income verification – two most recent payslips or two years’ worth of tax returns (if self-employed)
  3. Privacy consent
  4. Car details
 
Once your consultant has received all the following details, they will be able to approve and settle your loan within 24-48 hours. Many customers when applying for a quick pre-approval may not know exact car details, so everything aside from car details can be sent through to secure unconditional approval.
How much can I borrow?

You can borrow 100% of your car’s purchase value and include extras such as insurance and extended warranties. Car loans start at $5,000 and can go up to the purchase price of the vehicle.

What is a comparison rate?

A comparison rate, put in simple terms, is an interest rate that includes most common fees and charges associated with a car loan, given as a percentage per annum (per year.) This is the base interest rate plus ongoing fees such as account keeping fees, administration fees, and other general charges. This does not include transactional or situational fees such as requesting a statement, early payment fees (if applicable) or late payment fees.

How long does the process take?

We can approve and settle finance within 24-48 hours (business days). Our consultants are available to make the process quick and easy.

How long can you go on a car loan?

The average car loan term is 5 years. People can opt for shorter or longer terms depending on their needs and circumstances. Some car loans can last for 12 months all the way up to 7 years.

What is a secured car loan?

A secured car loan is a financial product that ties the amount of the loan to the value of the car. The car is used as collateral. In return for the security, your car loan interest rate is generally lower.

Does a car loan take longer to get approved if I am self employed?

No whether it’s a consumer or commercial loan, the approval process remains the same. The key to a fast approval is delivering the required documents to your consultant upon request. Your Savvy consultant is skilled at all scenarios and, with our technology-driven process, will have your loan approved within 24 hours.  

Can I make additional repayments to reduce my loan?

Yes! All of our financiers will allow for extra repayments without penalty. 

Can I pay out my loan early?

Yes! Many of our loans give you the options to pay your loan off before the term is up without any penalty. If this is an important feature that you require, speak with your consultant about this option. 

How can Savvy help you get a better rate on your car loan?

Having a high credit score

Your credit score will play a major role in helping us determine whether we can get you the best interest rates on your car loan. It’s a key indicator to lenders about your borrowing history, such as your past borrowing, any late repayments or defaults and your existing credit limits.

Buying new or near new

Lenders always lean towards brand-new cars, or those fewer than three years old, so your Savvy consultant will help walk you through your vehicle options. We can even help you source your car through our dealer network so you can choose from the best.

Being asset-backed

If you own any property, whether it be your house or a suite of units, we can help you access the best interest rates on your car loan. This is because lenders always prefer borrowers with asset-backing, either paid off or currently paying for. Some may also accept significant savings, known as “cash at bank”, instead of real estate.

Having verifiable existing credit

A strong repayment history on a past or current car loan is another key factor that can enable us to obtain the best interest rates from lenders. This displays to your lender that you’re a trustworthy borrower who can handle the responsibility of loan repayments.

Helpful information on car loans

Buying new or used – what’s the best for you?

Buying new is more expensive, buying used is cheaper. But is it so cut and dry? Often buying new means massive (and instant) depreciation. Buying used may only drive you so far until you need repairs and replacement parts. What is best for your situation? If you are buying new and you’re planning for a family, buying something larger may suit you well for five or even ten years. A comparable used car may have a much shorter lifespan.

When zero doesn’t equal “nothing” – 0% loans

Chances are you’ve seen car dealers offer “zero percent” loans on TV or radio. These may sound enticing, but are not all they’re cracked up to be. Dealers offering “zero” percent loans may add hidden fees, penalties and force you to buy older models at the retail price. That might mean paying more for last year’s model. Buying a retail car loan from a reputable broker or lender while negotiating a better price is a better option that will save you money in the long run.

Car loan repayments and your budget

Buying a car with finance means monthly repayments. It makes financial sense to budget for your repayments so you never run into trouble. But does it give you the full picture of how much you’ll be paying? Budgeting for repayments is a good first step, but you must also consider consumables and other expenses. Insurance, fuel, servicing and incidentals such as cleaning may play into your bottom line.

Buying private vs dealer purchase – what’s best?

In the car buying world the age-old debate of buying private and buying from a dealer rages on. What is best? It depends on your objectives. If you want to save money and don’t mind the inconvenience of travel, checking documents and VINs online, buying private is the way to go. Dealer sales are almost always more expensive, but you get warranties, protection under consumer law and after-sales support. What is more important? Price, convenience or added safety?